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CTP Exam Scholarship


One of the primary objectives of the Minnesota Association for Financial Professionals is to promote education, communication and enhanced recognition of the treasury management and finance professions. In support of this goal, the Minnesota AFP has established a scholarship program to assist members who are preparing for the Certified Treasury Professional (CTP) Exam. Two scholarships are available each fiscal year to qualified candidates. Established to be funded annually, the corpus of each scholarship will be $2,000.00 to (a) provide substantial assistance towards preparing for the exam though AFP Learning Assistance or other qualified preparatory education systems or programs geared towards preparing the student to successfully sit for the exam and achieve CTP certification and (b) cover the AFP certification cost to sit for the CTP exam.

With these scholarships MNAFP has taken another step towards recognizing that earning the CTP designation is a valuable professional achievement, denoting the standard of excellence in treasury.  

Preferred Criteria

It is MNAFP’s intent that scholarships be awarded according to the following criteria:

  1. Active member of MNAFP.
  2. Commitment to sit for the exam within a twelve-month period upon receipt of the scholarship (exam is offered bi-annually in the December/January and June/July time frames).
  3. Preference is given to CTP candidates that would incur substantial out-of-pocket costs with no likelihood of reimbursement from their current employer. Examples would be self-employed individuals or individuals that work for non-profits or small businesses. Consideration will also be given to undergraduate students that want to sit for the CTP Exam and have career goals in the treasury management or finance professions.

Scholarship Terms and Conditions

  • All scholarship recipients will be notified via email, and their names will be posted on the MNAFP website.  Recipients must sit for the exam within 12 months of initially receiving the scholarship.
  • This is a one-time, non-renewable scholarship. The scholarship will be paid to the recipient as a reimbursement of actual and verifiable expenses. The Exam Registration fees will not be reimbursed if the recipient does not pass the exam.  If the first attempt fails, the recipient must retake the exam within 12 months and pass it to be eligible for reimbursement of costs to register and take both exams.  If the second attempt is also unsuccessful, no costs to register and take either exam will be reimbursed. 
  • Other reasonable fees required to prepare for the exam are eligible for reimbursement under this scholarship program.  Fees incurred should tie directly and specifically to CTP certification.  Course training and development should reflect materials authorized by AFP and based off the current CTP Body of Knowledge contained in the Essentials of Treasury Management Fourth Edition and the AFP Learning System-Treasury or equivalent coursework or online curriculum. Exam preparation costs are immediately eligible for payment up to a maximum of $800.00.  The balance of $1,200.00 ($2,000.00 - $800.00) is available to reimburse scholarship recipient for costs incurred to register and successfully pass the exam.
  • Any travel and lodging expenses that may be incurred on the part of the recipient that: 1) exceed the 12-month period; or 2) exceed the $2,000.00 award amount; shall be the sole responsibility of the recipient.
  • Scholarships must be used by the named recipient with a commitment to sit for the exam, within twelve (12) months of receipt, and may not be transferred to third parties for any reason. The exam is offered bi-annually in the December/January and June/July time frames.
  • All decisions regarding the awarding of scholarships are at the sole discretion of MNAFP.
  • Two scholarships will be awarded per year. Applications will only be considered for a period of six (6) months. Applicants not awarded a scholarship within that time period must re-apply.

MNAFP CTP Scholarship Application Form 


Scholarship Contacts

Joe Grey, Education Committee Co-chair – email

Rosie Davis, Education Committee Co-chair – email

Eric Gray, Education Committee Co-chair – email

Jeanne Hilpisch, Education Committee Co-chair - email

Minnesota Association for Financial Professionals
P. O. Box 358
Isanti, MN 55040-0358

To ask questions about our organization or to give feedback about Minnesota AFP online, please contact us via email.
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